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Diskussionspapiere 1373 / 2014
We investigate the welfare impact of parallel imports using a large panel data set containing monthly information on sales, ex-factory prices, and further product characteristics for all 700 anti-diabetic drugs sold in Germany between 2004 and 2010. We estimate a two-stage nested logit model of demand and, based on an oligopolistic model of multiproduct firms, we then recover the marginal costs and ...
2014| Tomaso Duso, Annika Herr, Moritz Suppliet
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Refereed essays Web of Science
This paper tests whether upstream R&D cooperation leads to downstream collusion. We show that a sufficient condition for identifying collusive behavior is a decline in the market share of RJV-participating firms. Using information from the U.S. National Cooperation Research Act, we estimate a market share equation correcting for the endogeneity of RJV participation and R&D expenditures. We find robust ...
In:
The Review of Economics and Statistics
96 (2014), 2, S. 349-370
| Tomaso Duso, Lars-Hendrik Röller, Jo Seldeslachts
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Refereed essays Web of Science
We investigate the welfare impact of parallel imports using a large panel dataset containing monthly information on sales, ex-factory prices, and further product characteristics for all 649 anti-diabetic drugs sold in Germany between 2004 and 2010. We estimate a two-stage nested logit model of demand, and on the basis of an oligopolistic model of multi-product firms, we then recover the marginal costs ...
In:
Health Economics
23 (2014), 9, S. 1036-1057
| Tomaso Duso, Annika Herr, Moritz Suppliet
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Refereed essays Web of Science
We study the effect of a merger in a dynamic high-technology industry—the videogame market—which is characterized by the frequent introduction of new products. To assess the impact of the merger between two large specialist retailers in the United Kingdom—Game Group PLC and Games Station Limited—we perform a difference-in-differences analysis comparing the price evolution of the merging parties with ...
In:
Journal of Competition Law & Economics
10 (2014), Iss. 4, S. 933-958
| Luca Aguzzoni, Elena Argentesi, Paolo Buccirossi, Lorenzo Ciari, Tomaso Duso, Massimo Tognoni, Christiana Vitale
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Berlin IO Day
The Berlin IO Day is a new one-day workshop sponsored by Berlin's leading academic institutions, including DIW Berlin, ESMT, WZB, Humboldt University Berlin, and Technical University Berlin which takes place twice a year, in the Fall and in the Spring. The aim is to create an international forum for high quality research in Industrial Organization in the heart of Berlin, one of Europe's most...
27.09.2013
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Refereed essays Web of Science
Integrating large quantities of variable renewable electricity generation remains a political and operational challenge. One of the main obstacles in Europe to installing at least 200 GWs of power from variable renewable sources is how to deal with the insufficient network capacity and the congestion that will result from new flow patterns. We model the current methodology for controlling congestion ...
In:
Energy Economics
40 (2013), S. 760-772
| Karsten Neuhoff, Julian Barquin, Janusz Bialek, Rodney Boyd, Chris Dent, Franciso Echavarren, Thilo Grau, Christian von Hirschhausen, Benjamin F. Hobbs, Friedrich Kunz, Christian Nabe, Georgios Papaefthymiou, Christoph Weber, Hannes Weigt
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Diskussionspapiere 1330 / 2013
We study the effect of a merger in a dynamic high-technology industry-the videogame market- which is characterized by frequent introduction of new products. To assess the impact of the merger between two large specialist retailers in the UK, we perform a difference-in-differences analysis comparing the price evolution of the merging parties to that of their 7 major competitors on an original sample ...
2013| Luca Aguzzoni, Elena Argentesi, Paolo Buccirossi, Lorenzo Ciari, Tomaso Duso, Massimo Tognoni, Cristiana Vitale
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Diskussionspapiere 1323 / 2013
Previous work has shown that state-level antitrust enforcement activity may have impacts on entry and relocation behavior by U.S. firms. Significant state-level antitrust activity may be an indicator of a perceived adverse business environment and it is found to deter establishment entry, particularly for larger firms in the retail and wholesale sectors. An obvious question is whether establishment ...
2013| Robert M. Feinberg, Thomas A. Husted, Florian Szücs
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Diskussionspapiere 1321 / 2013
We quantify externalities on profitability and market shares of competing firms in oligopolistic markets through the transition from an n to an n - 1 player oligopoly after a merger. Competitors are identified via the European Commission's market investigations and our methodology allows us to distinguish the externality due to the change in market structure from the merger effect. We obtain results ...
2013| Klaus Gugler, Florian Szücs
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Diskussionspapiere 1216 / 2012
The price for a single-family house depends both on the characteristics of the building and on its location. We propose a novel semiparametric method to extract location values from house prices. After splitting house prices into building and land components, location values are estimated with adaptive weight smoothing. The adaptive estimator requires neither strong smoothness assumptions nor local ...
2012| Jens Kolbe, Rainer Schulz, Martin Wersing, Axel Werwatz